Payment and Instalment plans for your credit card
Split your purchases easily for up to 24 months.
Payment and Instalment plans for your credit card
At a Glance
0% interest
for up to 24 months*.
Flexible payments
over 3, 6, 12, 18 or 24 months.
Earn DBS points & maximise your savings
when you split your big ticket purchases, education, insurance & income tax bills into instalments.
Looking for a new fridge for your family or thinking of signing up for new insurance policy without breaking your budget?
Simplify big purchases with ease by splitting them into hassle-free instalments of up to 24 months.
There’s a payment plan for every lifestyle need or change: DBS has got you covered.
* For plans under DBS My Preferred Payment Plan, a low, one-time processing fee (based on transaction amount) may apply.
DBS Payment Plans are great for:
Big-ticket items
Home furnishings
Discover DBS Home & Living Marketplace for exclusive offers on appliances subscription, bedding products and more!
Insurance premiums
Income tax
Education fees
Discover DBS Education Marketplace for exclusive deals on enrichment and lifelong learning courses
Unexpected expenses
Promotion
4 ways to manage your purchases
Ready to stretch your wallet?
Here’s how DBS Payment Plans can offer you greater flexibility and help you budget better.
I want to split my existing Credit Card purchases
My Preferred Payment Plan
Looking to pay off your current credit card purchases over time? With My Preferred Payment Plan, you can consolidate and convert up to 10 eligible transactions into monthly instalments of up to 24 months.
It’s instant and super convenient. Just apply through digibank.
Tenure and processing fees
| Tenure | 3 months | 6 months | 12 months | 18 months | 24 months |
|---|---|---|---|---|---|
| One-Time Processing Fee (based on transaction amount) |
2% |
3% |
5% | 6% | 6% |
| #Effective Interest Rate | 12.08% |
10.43% |
9.50% | 7.86% | 5.98% |
#Effective interest rate (“EIR”) is calculated on the processing fee if full payment of the fee is not received by statement due date.
Limited-time only
From now until 31 Dec 2023, get 1% of your total plan amount (up to a maximum of S$30 cash rebate) when you convert your transactions into instalments with My Preferred Payment Plan. Convert instantly on digibank and receive cash rebate for:
- MP3 on Credit Cards transactions OR
- MP3 on Savings Account transactions
only on
DBS digibank mobile
I want to split my bills
Income Tax, Education Fees and Insurance Premiums via Savings Account
Screens shown in video are for illustrative purposes only. For the latest one-time processing fee rates applicable, please refer to the rates displayed on digibank upon tenure selection during the application process.
Paid your income tax, education fees or insurance premiums through your savings account? You can ease your cashflow with My Preferred Payment Plan (Savings Account)!
- Valid for customers with a DBS Credit Card
- Earn 3.75 DBS Points per S$5*
- Flexible payments over 24 months
- Apply instantly via DBS digibank mobile
How to apply
*Only DBS Credit Cards that reward you with DBS Points are applicable. A small processing fee may apply.
Terms and Conditions Governing My Preferred Payment Plan (Savings Account)
Income Tax Payment Plan via Credit Card
Now, you can also earn Rewards on your income tax payment with My Preferred Payment Plan (Income Tax Payment)! Enjoy:
- Low processing fee of 2.5%
- Flexible payments over 12 months
- Exclusive reward of 1.5 miles per S$1
Start earning Rewards in 2 simple steps:
- Simply pay your income tax using your DBS Credit Card* via the bill payment option on iBanking
- Apply for My Preferred Payment Plan (Income Tax Payment) via the ‘Apply now’ button below
*Only DBS Credit Cards that reward you with DBS Points are applicable.
Tenure and processing fee
| Tenure | 12 months |
|---|---|
| One-Time Processing Fee (based on transaction amount) |
2.5% |
| Effective Interest Rate | 4.68% p.a. |
Terms and Conditions Governing My Preferred Payment Plan (Income Tax Payment Plan)
I’m planning on a big purchase or making a bill payment
0% Interest Instalment Payment Plan
Shop with your DBS/POSB Credit Card at participating online and retail merchants such as, Shopee, The Hour Glass, , Challenger, Courts, Harvey Norman, Mustafa Shopping Centre and more! Choose to spread your payments over 6, 12 or even 24 monthly interest-free instalments when you are making your purchase
Don’t forget to check out our exclusive merchant offers to enjoy greater savings.
Discover our list of merchant offers here.
Enjoy 0% Instalment Payments at these participating merchants
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Automotive |
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Beauty & Wellness |
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Education |
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Electronic and Computers |
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Home and Furnishing |
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Insurance |
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Jewellery and Watches |
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Medical |
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Others |
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Note:
- DBS Instalment Payment Plan is applicable for all DBS VISA/MasterCard and POSB MasterCard Credit Cardmembers only.
- Minimum purchase amounts, specific terms and conditions may vary for different merchants. Please contact merchants for more details.
- Purchases made through DBS Instalment Payment Plan will not be eligible to earn DBS Rewards Points or Daily$.
- In the event that you decide to cancel your DBS/POSB Credit Card, any instalment plan that is currently financed through the Card will be terminated and made payable immediately. Additionally, an early termination fee of S$150 will be levied on each Instalment Plan being terminated.
- DBS reserves the right to approve/reject any instalment plan(s).
- Other T&Cs apply. Click here to view full Terms and Conditions Governing Instalment Payment Plan
I want to make smaller purchases
Pay Later with DBS/POSB Credit Cards
Use Pay Later with DBS/POSB Credit Cards at participating online and offline retail merchants across a range of lifestyle categories, such as travel and fashion, for purchases as low as S$100. Split your payments over a period of 3, 6 or 12 months with 0% interest!
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